- An asset. The term cost is often used when referring to the valuation of acquired property. When it is used in this sense, a cost is an asset.
- Concepts of cost and expense are often used interchangeably. When the benefits of the acquisition of a building expires, the cost becomes an expense called depreciation.
- The sacrifice, measured by the price paid, to acquire real estate.
Popular Real Estate Terms
Provision at the end of a document, such as a will, wherein the witnesses sign that the instrument has been executed before them. This may be useful involving transfers of real estate. ...
An idiomatic expression indicating the desire of an individual to understand new surroundings and all of its nuances including its quality and character. The derivation of the expression ...
Also called biannual; twice a year. An example is when lease payments are due January 1 and July 1. ...
Generation X, also known as Gen X , is the generational extract of Americans that are sandwiched between the Baby Boomer Generation and the Millennial generation (also called ...
In a mortgage, a provision that allows part of the security to be released from any further lien obligations upon the borrower's making a given payment. For example, a person may get a ...
Method of eliminating the spaces between the solid fragments in fresh cement or mortar during the mixing process. This is done by a combination of constantly mixing, turning, centrifuging, ...
Same as term soil porosity: Extent to which soil has cavities or pores, thereby allowing water to pass through. ...
Also called triple net lease. The lessee pays not only a fixed rental charge but also expenses on the tented property, including maintenance. ...
Multiple Listing is the kind of Listing that is registered by a broker or a real estate agent at the Multiple Listing System (MLS). If a house is directly sold by an owner – the ...
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